Liberty Two Degrees reports double-digit distribution

Liberty Two Degrees, a leading property investment company, has reported impressive double-digit distribution and a strong performance in its portfolio. In a recent interview with CNBC Africa, CEO Amelia Beattie highlighted the company's confidence in its business and its ability to sustain high distribution levels. Beattie emphasized the strong balance sheet of the company, which allows them to invest in their portfolio and maintain high occupancy rates. With a retail occupancy of 97.2% and foot traffic levels surpassing pre-COVID numbers, Liberty Two Degrees is seeing a positive trend in its properties. One of the key points discussed in the interview was the performance of the company's properties, particularly in retail and office spaces. Retail occupancy stands at 97.2%, with flagship properties like SANTON and super regionals performing well. The office vacancy rate is a modest 3.1%, reflecting the challenges in the current market but also signaling opportunities for growth with economic recovery. The specialized portfolio, which includes assets like convention centers and hospitals, accounts for 12% of the company's portfolio and is showing promise with a strong pipeline of events and activities. Green energy investment emerged as a significant focus for Liberty Two Degrees, with Beattie highlighting the company's commitment to sustainability. The company is working towards a net zero target by 2030 and has allocated substantial funds for green energy projects. Initiatives like solar PV plants and energy-efficient structures are expected to contribute to 50% of the portfolio's energy needs. Beattie emphasized the importance of balancing sustainability goals with financial performance, noting that green energy investments are yielding positive returns and positioning the company as a responsible corporate citizen. Looking ahead, Beattie expressed optimism about the economic outlook and potential growth opportunities in the second half of the year. Strong trading numbers and high occupancy rates in their properties indicate a positive trajectory for Liberty Two Degrees. Despite concerns about rising costs, particularly in municipal charges, the company's focus on green energy and sustainability initiatives reflects its long-term vision and commitment to environmental stewardship. Beattie's strategic approach to balancing financial performance with sustainability goals positions Liberty Two Degrees as a leader in the property investment sector.